AT&T Inc. (NYSE:T) Shares Bought by Swedbank AB

Swedbank AB grew its position in AT&T Inc. (NYSE:T) by 2.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,386,263 shares of the technology company’s stock after buying an additional 86,548 shares during the quarter. Swedbank AB’s holdings in AT&T were worth $77,105,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in T. Legacy Investment Solutions LLC acquired a new position in shares of AT&T in the third quarter worth $25,000. Ritter Daniher Financial Advisory LLC DE increased its position in AT&T by 169.2% during the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 1,338 shares of the technology company’s stock worth $29,000 after purchasing an additional 841 shares in the last quarter. Endeavor Private Wealth Inc. acquired a new position in AT&T in the 4th quarter valued at about $34,000. Safe Harbor Fiduciary LLC purchased a new position in AT&T in the 3rd quarter valued at about $35,000. Finally, Reston Wealth Management LLC acquired a new stake in shares of AT&T during the 3rd quarter worth about $35,000. 57.10% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. DZ Bank upgraded AT&T from a “hold” rating to a “buy” rating and set a $27.00 target price for the company in a research note on Wednesday. Sanford C. Bernstein increased their price objective on shares of AT&T from $28.00 to $29.00 and gave the stock an “outperform” rating in a report on Tuesday. Evercore ISI raised their target price on shares of AT&T from $19.00 to $21.00 and gave the stock an “in-line” rating in a research report on Thursday, October 24th. Scotiabank upped their price target on shares of AT&T from $24.00 to $26.00 and gave the stock a “sector outperform” rating in a research report on Tuesday. Finally, UBS Group lifted their price target on shares of AT&T from $25.00 to $30.00 and gave the company a “buy” rating in a report on Thursday, December 19th. One research analyst has rated the stock with a sell rating, six have given a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $26.11.

AT&T Stock Down 0.7 %

Shares of NYSE:T opened at $24.23 on Thursday. The company’s fifty day moving average is $22.86 and its two-hundred day moving average is $21.55. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.67 and a current ratio of 0.73. AT&T Inc. has a 1-year low of $15.94 and a 1-year high of $24.98. The stock has a market capitalization of $173.89 billion, a price-to-earnings ratio of 19.70, a price-to-earnings-growth ratio of 3.50 and a beta of 0.59.

AT&T (NYSE:T) last announced its quarterly earnings results on Monday, January 27th. The technology company reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.06. AT&T had a return on equity of 13.97% and a net margin of 7.42%. Equities analysts anticipate that AT&T Inc. will post 2.21 EPS for the current year.

AT&T Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Friday, January 10th will be issued a dividend of $0.2775 per share. The ex-dividend date of this dividend is Friday, January 10th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 4.58%. AT&T’s dividend payout ratio (DPR) is presently 90.24%.

AT&T Profile

AT&T, Inc is a holding company, which engages in the provision of telecommunications and technology services. It operates through the Communications and Latin America segments. The Communications segment offers wireless, wireline telecom, and broadband services to businesses and consumers located in the US and businesses globally.